| Conduit Financing |
A financing arrangement involving a government or other qualified agency using its name in an issuance of fixed income securities for a non-profit organization's large capital project.
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The government or other qualified agency is not responsible for paying the required cash flows to investors - all cash flows come directly from the project.
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Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial. |
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